Silver unwrought or powder incl Au/Pt plated market in Austria

Earlier Report Observations

The Austrian market for unwrought silver and powder expanded substantially from 2019 to 2021. The market volume grew from 197.3 t to 358.3 t, while its value more than tripled from $96.8 million to $284.1 million. This surge was primarily driven by a sharp increase in silver prices during 2020, fueled by heightened speculative buying and robust industrial demand, especially from the electronics and photovoltaic sectors, alongside global supply shortages.

Growth continued in 2021 at a more moderate pace as silver prices corrected from their 2020 peak. The market was supported by sustained industrial consumption, particularly from the expanding photovoltaics industry. During this period, institutional investors and silver exchange-traded funds (ETFs) became more active participants, adding financial investment flows to the underlying physical demand.

Throughout the 2018-2024 period, Austria's silver imports and exports followed a strong upward trend, reflecting the metal's strategic industrial importance. In later years, the market remained influenced by global economic factors, including central bank interest rate policies and persistent demand from technology and green energy applications, which maintained high levels of international trade activity.

Production silver unwrought or powder in Austria

In value, 2017-2020, K $ US

In 2020, Austria's output of silver unwrought or powder, including gold or platinum-plated varieties, was valued at 44 168 thousand US dollars. This marked a sharp increase of 46.8% compared to the previous year.

Annual dynamics of production in Austria in value, 2017-2020, K $ US

In kind, 2017-2020, kg

In 2020, Austria produced 81 439 kilograms of silver unwrought or powder, including gold or platinum-plated types. This represented a significant uptick of 35.8% from 2019.

Annual dynamics of production in Austria in kind, 2017-2020, kg

Exports silver unwrought or powder from Austria

Exports in kind, t

After two years of decline, Austria's exports of silver unwrought or powder, including gold or platinum-plated varieties, rebounded in 2020. Exports reached 25.3 tonnes, showing a sudden advance of 37.0% year-over-year. Between 2017 and 2020, overall exports decreased by 37.4%, which translates to an annualized decline of 14.5%. The lowest point was in 2019, with exports at 18.4 tonnes, while the largest drop occurred in 2018, at 49.1%.

Annual dynamics of product's exports from Austria in kind, 2017-2020, t

From 2017 to 2020, Germany, Czechia, and France consistently led as the top destinations for Austria's exports of silver unwrought or powder, including gold or platinum-plated types, in volume terms. Germany accounted for 59.6% of exports, Czechia for 12.1%, and France for 6.3%. Together, these three countries made up 78.0% of total export flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Austria in kind, 2017-2020

Exports in value, M $ US

Following a two-year contraction, Austria's exports of silver unwrought or powder, including gold or platinum-plated varieties, increased in 2020. Exports stood at 17.4 million US dollars, equivalent to an abrupt improvement of 66.5% compared to the previous year. Over the period from 2017 to 2020, exports decreased by 20.3%, with a compound annual growth rate of -7.3%. The minimum value was recorded in 2019 at 10.5 million US dollars, while the largest decline was in 2018, at 49.9%.

Annual dynamics of product's exports from Austria in value, 2017-2020, M $ US

Between 2017 and 2020, Germany, Czechia, and France remained the principal buyers of Austria's silver unwrought or powder, including gold or platinum-plated types, in value terms. Germany held 57.9% of exports, Czechia 13.4%, and France 5.9%. Collectively, these three countries accounted for 77.3% of total export value.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Austria in value, 2017-2020

Imports silver unwrought or powder to Austria

Imports in kind, t

Austria's imports of silver unwrought or powder, including gold or platinum-plated varieties, increased for the third consecutive year in 2020. Imports came to 250.1 tonnes, which is 60.6% higher than the previous year. From 2017 to 2020, imports surged by 287.2%, equating to an annualized growth rate of 57.0%.

Annual dynamics of product's imports to Austria in kind, 2017-2020, t

Throughout 2017 to 2020, Germany clearly dominated Austria's imports of silver unwrought or powder, including gold or platinum-plated types, in volume terms, capturing 73.5% of total flows. Other countries each held significantly smaller shares.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Austria in kind, 2017-2020

Imports in value, M $ US

Austria's imports of silver unwrought or powder, including gold or platinum-plated varieties, rose for the third year in a row in 2020. The country imported 173.0 million US dollars worth of these goods, up by 124.0% year-over-year. Between 2017 and 2020, imports increased by 381.9%, with an annualized rate of 68.9%.

Annual dynamics of product's imports to Austria in value, 2017-2020, M $ US

From 2017 to 2020, Germany was the primary source for Austria's imports of silver unwrought or powder, including gold or platinum-plated types, in value terms, accounting for 70.7% of total flows. Other markets formed a long tail of smaller partners.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Austria in value, 2017-2020